Solar investment slid on the back of cheaper modules and China setback
The world again saw more than $300 billion of clean energy investment in 2018, according to BloombergNEF, and although wind narrowed the gap on solar, plunging module prices skewed the figures as PV capacity additions rose 10 GW.
Hanergy welcomes latest policy noises to come out of Beijing
The thin-film manufacturer and project developer says the Chinese government’s package of measures to drive subsidy-free solar projects will ensure a proliferation of new capacity additions and consolidate the strength of big players like itself.
Argentina: World Bank $250 million guarantee for RenovAr program
The funds will be used by the Argentinian government for solar and other renewable energy projects selected in the third round of the program. The guarantee package was approved by the World Bank in March.
Enel touts €1bn green bond and bags 70% of Polish demand response market
The energy giant’s finance subsidiary placed a bond in Europe to finance its renewable energy and infrastructure projects and secured 70% of Poland’s demand response capacity market for the 2021-2023 period, in the first auctions of their kind in the nation.
American utility PG&E set to file for chapter 11 bankruptcy
The Pacific Gas and Electric Company, founded 114 years ago, is filing for bankruptcy and may be broken up by regulators. None of which is good news for solar project owners holding contracts with the utility.
Investment funds scramble to acquire Indian giant’s 1 GW assets
Global Infra Partners, KKR, Brookfield, I Squared Capital and Macquarie are reported to be among those eyeing the renewable energy assets of debt riddled Infrastructure Leasing and Financial Services.
SolarNow to bring off-grid PV to 17,500 more Ugandan homes
The domestic company has cleared a third debt funding facility of $9 million with Kenya-based SunFunder, responsAbility and Oikocredit. The credit means 2.5 MW of off-grid capacity, enough to bring energy to 70.000 people.
Solar stars at new-look Zayed Sustainability Awards
A Californian company which provides PV power to maternity clinics in the developing world was an award winner alongside British pay-as-you-go electricity provider BBOXX. And a school in Tajikistan which aims to go fully solar powered secured a cool $100,000 towards that ambition.
EU issues £1.9 million grant to Britain for PV and energy efficiency
The UK cities of Bristol and Plymouth and the county of Devon will get £1.9 million to develop energy efficiency, sustainability, and clean energy projects. Bristol in 2014 received a £50 million grant to accelerate its plans to be carbon neutral by 2050. Devon has ambitious plans of becoming 80% carbon neutral by the same date.
Morocco issues 200 MW PV tender
Through the procurement, now at the pre-qualification stage, Moroccan state-owned utility ONE aims to build seven large-scale PV plants in the south and east of the country. German development bank KfW is a partner in the project.
